problem 15-2A computing and recording job costs; preparing schedule of cost of goods

Required information Problem 15-2A (Algo) Computing and recording job costs; preparing schedule of cost of goods manufactured LO P1, P2, P3, P4 [The following information applies to the questions displayed below] Marco Company shows the following costs for three jobs worked on in April. Additional Information a. Raw Materials Inventory has a March 31 balance of $88,000. b. Raw materials purchases in April are $540.000, and total factory payroll cost in April is $384,000. c. Actual overheod costs incurred in April are indirect materials, $56,000; indirect labor, $25,000; factory rent, $31,000; factory utilities, $25,000; and factory equipment depreciation, $56,000. d. Predetermined overhead rate is 50 on of direct lobor cost. e. Job 306 is sold for $670.000cash in April. Problem 15-2A (Algo) Part 2 2. Determine the total cost assigned to each job as of April 30 (including the balances from March 31). 2. Determine the total cost assigned to each job as of April 30 (including the balances from March 31)